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Thursday, 11 February 2016

NFDA accuses FCA of being too expensive and complicated | Motor Trader

Motor Trader  reports that the National Franchised Dealers Association has told the Chancellor of the Exchequer in its budget submission that the Financial Conduct Authority is “financially burdensome and complicated” for dealers. It says that the new Authority charges dealers five times as much as the OFT used to charge, and in addition it is not as helpful either in person or in its published guidance, so dealers are also obliged to incur costs seeking professional assistance.

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